NDIC backs CBN’s planned recapitalisation of banks
The NDIC says it would continue to collaborate with the CBN in ensuring a seamless transition while safeguarding depositors’ interest.
The NDIC says it would continue to collaborate with the CBN in ensuring a seamless transition while safeguarding depositors’ interest.
The bill proposes to amend section 63 of the NDIC Act, 2023 to make the corporation more effective, safeguard its ...
In February 2020, the payment was put on hold due to litigation challenging the revocation of the bank's operating license.
Mr Keyamo spoke about his several properties while responding to critics on Saturday.
The bank says it will not introduce a higher note than N1000.
The NDIC paid ₦11.83 billion to over 443,949 insured depositors and over ₦101.37 billion to uninsured depositors.
The lawmakers say there was a need to ensure that the divestment in the bank did not jeopardise the core ...
The former deputy governor said he bought the land in 2003 and he was unchallenged until 2018 when the retiree ...
The EFCC had in March directed all bank executives to declare their assets latest by June 1.
The commission earlier dropped the charges of forgery and falsification of school results against Mr Obono-Obla.
The corporation advised eligible ‘stakeholders’ of the banks to visit its offices nationwide for the verification of their claims or ...
The AMCON boss was once quoted to have made the call for the resurrection of the Failed Banks Tribunal. I ...
Something seemed to have broken in First Bank fundamentally, if some of the stories we hear are anything to go ...
The confirmation of both nominees followed consideration of two separate reports of the Senate Committee on Banking, Insurance and Other ...
The appointments take immediate effect.
Moody’s Investors Service (Moody’s), one of the global credit rating agencies, on December 4 rated Nigeria negative.
The CBN revoked the licences of the failed banks in 2018.
The decision, it said, is in line with The Exchange’s regulatory delisting process.
The Nigerian government announces new measures to improve remittances from revenue generating agencies.
The suffering of the depositors would continue unless the NDIC enabling Act is speedily amended by the national assembly.
The CBN says electronic fraud in banking could hit N6.1 trillion by 2021
NDIC bos says officials of the bank "contributed to its failure by engaging in insider abuse, poor corporate governance and ...
The president also substitutes the name of the chairman of the governing board of NDIC.
“The bank was closed because the shareholders of the bank have been unable to recapitalise it."
The affected banks have been allegedly making inadequate returns on their transactions.
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